May be consolidation price bearish in down.
🔍 Key Technical Details
1. Uptrend Channel (Price Pull)
Price was in a clear ascending channel from June 22 to June 26. Strong bullish momentum with higher highs and higher lows. Label shows "price pull in few days", indicating rapid upward movement.
2. Bearish Reversal Signs
A "Bull Wick" (long upper shadow) near the top of the move signals rejection and potential reversal. Price broke below the channel and is testing the demand zone. Sideways consolidation shows indecision, leaning bearish.
3. Bearish Setup (Current Trade Idea)
Entry zone: Near current price (~1.3716) = Stop Loss: ~1.3775 (above recent highs) = Target zone: ~1.3596
🔽 Bearish Bias Justification
• Breakout below demand line and channel support
• Price rejected by upper resistance (bull wick)
• Consolidation indicates weakening momentum
• Potential for trend reversal after sustained rally
🟢 If Price Goes Bullish Instead
Break above 1.3750–1.3775 would invalidate the short idea Could retest highs or create new bullish leg.
✅ Summary
The chart presents a bearish intraday setup for GBP/USD, assuming rejection from the recent highs and a potential drop toward 1.3596. The setup includes a well-placed stop loss and clear target, favoring short positions unless invalidated by a break above resistance.
🔍 Key Technical Details
1. Uptrend Channel (Price Pull)
Price was in a clear ascending channel from June 22 to June 26. Strong bullish momentum with higher highs and higher lows. Label shows "price pull in few days", indicating rapid upward movement.
2. Bearish Reversal Signs
A "Bull Wick" (long upper shadow) near the top of the move signals rejection and potential reversal. Price broke below the channel and is testing the demand zone. Sideways consolidation shows indecision, leaning bearish.
3. Bearish Setup (Current Trade Idea)
Entry zone: Near current price (~1.3716) = Stop Loss: ~1.3775 (above recent highs) = Target zone: ~1.3596
🔽 Bearish Bias Justification
• Breakout below demand line and channel support
• Price rejected by upper resistance (bull wick)
• Consolidation indicates weakening momentum
• Potential for trend reversal after sustained rally
🟢 If Price Goes Bullish Instead
Break above 1.3750–1.3775 would invalidate the short idea Could retest highs or create new bullish leg.
✅ Summary
The chart presents a bearish intraday setup for GBP/USD, assuming rejection from the recent highs and a potential drop toward 1.3596. The setup includes a well-placed stop loss and clear target, favoring short positions unless invalidated by a break above resistance.
Order cancelled
Sorry guys market is gambling .
Best Analysis xauusd single
t.me/+uAIef7IqwSs4M2Q0
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+uAIef7IqwSs4M2Q0
t.me/+uAIef7IqwSs4M2Q0
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+uAIef7IqwSs4M2Q0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Best Analysis xauusd single
t.me/+uAIef7IqwSs4M2Q0
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+uAIef7IqwSs4M2Q0
t.me/+uAIef7IqwSs4M2Q0
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+uAIef7IqwSs4M2Q0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.